Stearns Reports Growth Following Platform Deployment

Posted by Orb Staff on August 05, 2010 No Comments
Categories : Residential Mortgage

Stearns Lending Inc., a national wholesale and retail mortgage banker, has grown its business by more than 65% since going live with Loan-Score Decisioning System's automated pricing and underwriting platform in early 2009, Loan-Score reports. Stearns uses the platform for each of its 18 wholesale branches and its new affiliate branches.

The lender also uses a broker portal for its network of originators. At the portal, brokers log in, upload a 3.2 file or manually enter a 1003, pull or re-pull credit, and return an instant automated underwriting decision. The portal also allows for pipeline management, document uploads, lock requests, visibility of conditions sign-off, and real-time communication with underwriters and processors, Loan-Score says.

SOURCE: Loan-Score

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